CATO vs XCUR: Correlation
How closely do Cato Corporation (The) (CATO) and Exicure, Inc. (XCUR) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATO and XCUR?
Over the past 3 years, CATO and XCUR moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.35 over 3 years. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -6711.6 %².
Among the 12 assets we track against CATO, XCUR sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with CATO ahead by 43.5 points (-31.8% versus -75.3%). One caveat on sizing: XCUR is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CATO vs XCUR: side by side
| CATO (Cato Corporation (The)) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | -31.8% | -75.3% |
| 5-year return | -80.5% | -99.3% |
| Volatility (ann.) | 56.2% | 341.3% |
| Beta vs S&P 500 | 0.62 | 0.92 |
| Max drawdown (3Y) | -69.4% | -96.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATO | XCUR |
|---|---|---|
| 2022 | -42.2% | -81.0% |
| 2023 | -16.5% | -49.6% |
| 2024 | -39.8% | +371.4% |
| 2025 | -20.8% | -60.4% |
| 2026 | -13.9% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATO and XCUR good diversifiers for each other?
Yes. With a correlation of -0.35, CATO and XCUR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CATO and XCUR?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.02 over the last year and -0.26 over 5 years.
Is XCUR a good diversifier for CATO?
Yes. With a correlation of -0.35, CATO and XCUR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CATO correlations · XCUR correlations
